Tempur Sealy International Inc (NYSE:TPX) has been downgraded to Neutral in a report by Longbow Research today.
- Updated: September 27, 2016
Longbow Research has downgraded Tempur Sealy International Inc (NYSE:TPX) to Neutral in a statement released on 9/28/2016.
On 07/29/2016, Stifel Nicolaus released a statement for Tempur Sealy International Inc (NYSE:TPX) bumped up the target price from $67.00 to $80.00 that suggested an upside of 0.06%.
Boasting a price of $74.45, Tempur Sealy International Inc (NYSE:TPX) traded -0.07% lower on the day. With the last stock price close up 14.79% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Tempur Sealy International Inc has recorded a 50-day average of $78.00 and a two hundred day average of $64.86. Volume of trade was up over the average, with 2,103,851 shares of TPX changing hands over the typical 1,275,610
With a total market value of $0, Tempur Sealy International Inc has price-earnings ratio of 51.85 with a one year low of $50.80 and a one year high of $82.61 .
A total of 10 equity analysts have released a ratings update on TPX. Two equity analysts rating the company a strong buy, five equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $71.90.
Brief Synopsis About Tempur Sealy International Inc (NYSE:TPX)
Tempur Sealy International, Inc. is a bedding provider. The Company develops, manufactures, markets and distributes bedding products. It operates in two segments: North America, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada, and International, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. Its brands include TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster. It sells products through over two distribution channels in each segment: retail (furniture and bedding retailers, department stores, specialty retailers and warehouse clubs), and other (direct-to-consumer through e-commerce platforms, company-owned stores and call centers, third-party distributors, hospitality and healthcare customers).
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